I am in the throes of porting my current homeowner mortgage to a BTL Godiva Mortgages Ltd mortgage. The bank has said that I need a conveyancer as part of the process. I got in contact with my former Northop conveyancing solicitor who acted on my behalf when I initially bought the house. The quote sent of £470 has taken me by surprise as its a refinance than a sale or purchase.

The costs illustration is fractionally on the high side. If you you were to look around you might trim some of the expense by say a hundred pounds. On the other hand, providing that you were satisfied with the service the firm provided you maylive to regret opting for an an unknown conveyancer. If is important to ensure the conveyancer can represent Godiva Mortgages Ltd. You can make use of our search tool to get a quote a Northop conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Northop.

When will exchange of contracts happen for purchase conveyancing in Northop and do I need to attend the lawyers office?

Where you are in close proximity to one of the conveyancing solicitors in Northop you are welcome to attend to sign documents. That being said, the lender approved solicitors we work with supply countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when dealing with you digitally. The executing of the sale agreement is not the point of no return. Signing on the dotted line is necessary for the solicitor to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Northop)to be in the office available at the end of the phone to exchange contracts.

I have been sourcing a conveyancing lawyer in Northop for my house move. Is there any facility to check a solicitor's complaints history with the profession’s regulator?

One can review documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.

I've recently bought a leasehold house in Northop. Am I liable to pay service charges relating to a period prior to completion of my purchase?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in Northop - Sample of Questions you should ask before Purchasing

Generally speaking the outlay for major works are not included within maintenance charges, although some managing agents in Northop require leasehold owners to pay into a reserve fund created for the specific intention of establishing a fund for larger repairs or maintenance. You will want to discover as much as possible concerning the managing agents as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to every day issues such as the cleanliness of the common parts. Enquire of prospective neighbours what they think of them. In conclusion, be sure you know the dates that the maintenance charges are due to the managing agents and specifically what you get for your money. You should be aware if it is less than eighty years it will affect the salability of the flat. Check with your bank that they are content with residual term of the lease. A short lease means that you will almost definitely have to extend the lease at some point and it is worth finding out how much this will be. For most Northoplease extensions you will need to own the property for 24 months in order to be legally able to carry out a lease extension.

I am purchasing a garden apartment in Northop. Conveyancing lawyer is waiting for, from the owner, building insurance schedule. I was told today I was advised that the owner must send the insurance documents for the flat above also. Why does my conveyancer want to review the insurance for the flat above? Is it strictly required? We have been stalled for the previous two weeks…

It is not impossible in leasehold conveyancing in Northop to find Conveyancing in Northop in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats rather than the landlord insuring the complete building - which is definitely preferable. You should double check with your conveyancer but it would appear that your solicitor is seeking to verify that the entire building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated due to lack of insurance cover.